WH Ireland exchanges contracts at One New Bailey

Stockbroker and wealth management firm WH Ireland has exchanged contracts on its new home at One New Bailey on the banks of the River Irwell.

The deal with English Cities Fund sees the firm take 6,610 sq ft at the development, where it will occupy part of the first floor on a ten-year lease.

WH Ireland said it selected the new development due to its proximity to Spinningfields, adding that it has plans to recruit and grow its wealth management and planning teams.

Following the completion of the internal fit-out, the firm said it expects to move from its existing offices on St James’s Square in to One New Bailey in July.

Richard Killingbeck, WH Ireland’s chief executive, said: “We have an exciting growth strategy for our business over the coming years and we are delighted to be moving to new high-quality offices at One New Bailey.

“The move to brand new and attractive premises enhances our presence in Manchester for both clients and our staff as we continue to grow our wealth management and wealth planning services in the city and the North West.”

In January the firm sold its large Manchester office on John Dalton Street/ St James Square, which had been its corporate headquarters for many years, for £5.27m, nine months after putting it on the market.

Its subsidiary Readycount disposed of the freehold property to Manchester-based Beech Developments and agreed to lease the property back from Beech for at least five months, whilst it found a new home.

Robert Race, head of wealth management at WH Ireland in Manchester said: “Our roots in the city go back to the 19th century and whilst our existing premises have served us well, our move this summer reinforces our commitment to Manchester and the local economy.”